Being a manufacturer of high performance fully electric vehicles, Tesla’s goal is to accelerate the world transition from fossil fuel to clean energy. And to do just that, Tesla has introduced a wide range of electric vehicles for the market.
In terms of the fleet of electric vehicles, Tesla has the Model S, Model X and Model 3. Besides, Tesla has several future consumer and commercial electric vehicles in the pipeline.
Model S is a full electric vehicle that competes in the luxury and high-performance segments. It is a four door, 5-passenger sedan that offers performance and all-wheel drive dual motor system options. Tesla claimed that the Model S 100D sedan has the longest range in the world compared to other sedan in which a fully charged battery can last up to 335 miles.
Moreover, the Model S P100D is the world highest performance full electric vehicle which accelerates from 0-60 mph in just 2.5 seconds. The Model S includes a 17-inch touch screen driver interface, advance autopilot hardware to enable active safety and convenience features as well as over the air software update.
Model X is a luxury full electric sport utility vehicle (SUV) which can seat up to seven adults and offers high performance features such as the all-wheel drive dual motor system and the advance autopilot system. The Model X 100D has the longest range at 295 miles among the SUVs in the world.
The coolest feature about the Model X is the unique falcon wing door system for easy access to the second and third seating rows. The Model X also includes a 17-inch touch screen driver interface and the high performance P100D model can accelerate from 0 to 60 mph in just 2.9 seconds which is the world’s best record among the SUVs.
Model 3 is Tesla 3rd generation electric vehicle and the deliveries have started back in July 2017. Tesla is currently mass producing the Model 3 at 3000 vehicles per week and the company is expecting the figure will go up to 5000 vehicles per week by end of 2018 and eventually 10,000 vehicles per week in 2019. The Model 3 is a lower priced full electric sedan with a starting price of $35,000 and it is targeted for the mass market consumption.
Model 3 competes head to head for market share with most of the same-segment sedans on the market. So far Tesla has sold 1,764 units of Model 3 in 2017 according to its 2017 Annual Report. Currently, Model 3’s demand has outpaced Tesla production capability. If Tesla managed to ramp Model 3 production figures to meet the demand, the Model 3 will be the game changer for the company where Tesla will be able to make a profit.
The Tesla Roadster was first unveiled in November 2017 and is touted as a supercar which can achieve a top speed of up to 250 mph. It can accelerate from 0 to 60 mph in just 1.9 seconds. The mile range for the Roadster is extremely impressive in which a fully charge Roaster can last up to 620 miles. The Roaster can seat up to 4 adults and comes with a removable glass roof. The Roaster is opened for reservation now and the base price starts at $200,000.
Tesla Semi Truck
The Tesla Semi truck is a heavy-duty all electric truck targeted for the transportation industry. It was first unveiled in November 2017 and is open for reservation now. The starting price for the Semi truck is $150,000. Tesla claimed that the payback period for the cost of ownership is 2 years based on the fuel cost saved and fewer maintenance parts of the truck. The truck features an advance autopilot system, low center of gravity that offers rollover protection and a centered driver position that provides maximum visibility.
Future Electric vehicles
The Model Y will be the next model after the Model 3 but it’s not official yet with the name. The Model Y is like the Model 3 in which it’s built on the same third generation platform and is targeted for the mass market. The Model Y is a crossover between an SUV and a sedan and may feature a falcon wing door like the Model X. The Model Y is expected to be similar to Model 3 and is reportedly in advance stages of design and development. Tesla is expected to unveil the Model Y by end of 2018.
Disclosure: The authors have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The authors wrote this article themselves, and it expresses their own opinions. The authors are not receiving compensation for writing the article. The authors have no business relationship with any company whose stocks are mentioned in this article.
Photo credits: All images of this article came from Tesla Official Website.